Aflac Incorporated (NYSE:AFL) Holdings Lifted by Great Lakes Advisors LLC

Great Lakes Advisors LLC increased its holdings in shares of Aflac Incorporated (NYSE:AFLGet Rating) by 7.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 81,832 shares of the financial services provider’s stock after buying an additional 5,838 shares during the quarter. Great Lakes Advisors LLC’s holdings in Aflac were worth $5,269,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Kwmg LLC boosted its position in Aflac by 2.1% during the first quarter. Kwmg LLC now owns 83,071 shares of the financial services provider’s stock valued at $5,349,000 after purchasing an additional 1,730 shares during the last quarter. Good Life Advisors LLC boosted its position in Aflac by 5.9% during the first quarter. Good Life Advisors LLC now owns 3,832 shares of the financial services provider’s stock valued at $247,000 after purchasing an additional 212 shares during the last quarter. Stifel Financial Corp boosted its position in Aflac by 5.6% during the fourth quarter. Stifel Financial Corp now owns 544,966 shares of the financial services provider’s stock valued at $31,820,000 after purchasing an additional 29,002 shares during the last quarter. CIBC Private Wealth Group LLC boosted its position in Aflac by 14.1% during the fourth quarter. CIBC Private Wealth Group LLC now owns 61,126 shares of the financial services provider’s stock valued at $3,570,000 after purchasing an additional 7,565 shares during the last quarter. Finally, Northcape Wealth Management LLC acquired a new stake in Aflac during the fourth quarter valued at $233,000. Hedge funds and other institutional investors own 66.45% of the company’s stock.

Insider Activity at Aflac

In related news, Director Barbara K. Rimer sold 11,026 shares of the business’s stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $58.49, for a total transaction of $644,910.74. Following the transaction, the director now directly owns 33,413 shares in the company, valued at $1,954,326.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.10% of the company’s stock.

Aflac Trading Up 0.4 %

Aflac stock opened at $59.43 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.06 and a current ratio of 0.07. The business’s 50-day simple moving average is $56.20 and its 200-day simple moving average is $59.88. The firm has a market capitalization of $37.56 billion, a PE ratio of 8.96, a PEG ratio of 2.22 and a beta of 0.93. Aflac Incorporated has a 52 week low of $51.28 and a 52 week high of $67.20.

Aflac (NYSE:AFLGet Rating) last posted its quarterly earnings data on Monday, August 1st. The financial services provider reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.27. The business had revenue of $5.40 billion for the quarter, compared to analyst estimates of $4.79 billion. Aflac had a return on equity of 12.40% and a net margin of 20.37%. The firm’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.59 earnings per share. Equities research analysts forecast that Aflac Incorporated will post 5.32 earnings per share for the current year.

Aflac Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 1st. Investors of record on Wednesday, August 24th will be paid a dividend of $0.40 per share. The ex-dividend date is Tuesday, August 23rd. This represents a $1.60 annualized dividend and a yield of 2.69%. Aflac’s dividend payout ratio is 24.13%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on AFL shares. JPMorgan Chase & Co. lifted their price objective on Aflac from $61.00 to $62.00 in a research report on Monday, July 11th. Evercore ISI reduced their price objective on Aflac from $60.00 to $59.00 and set an “in-line” rating for the company in a research report on Wednesday, July 6th. Citigroup initiated coverage on Aflac in a research report on Monday, May 23rd. They issued a “neutral” rating and a $60.00 price target for the company. Piper Sandler reduced their price target on Aflac from $68.00 to $66.00 and set an “overweight” rating for the company in a research report on Friday, July 8th. Finally, Morgan Stanley reduced their price target on Aflac from $69.00 to $66.00 and set an “overweight” rating for the company in a research report on Wednesday, July 6th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Aflac has a consensus rating of “Hold” and an average price target of $62.08.

Aflac Company Profile

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Aflac Incorporated, through its subsidiaries, provides supplemental health and life insurance products. It operates through two segments, Aflac Japan and Aflac U.S. The Aflac Japan segment offers cancer, medical, nursing care income support, GIFT, and whole and term life insurance products, as well as WAYS and child endowment plans under saving type insurance products in Japan.

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Institutional Ownership by Quarter for Aflac (NYSE:AFL)

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